Gambling business organization in Bulgaria
The gambling business in Bulgaria is allowed and is actively developing, despite the difficult economic situation. The corresponding license for gambling is issued by the State Committee for Gambling. At the moment, the most common practice in the gambling market in Bulgaria is the organization and sale of land-based casinos. The country regulates both offline and online gambling activities. The most popular among Bulgarian players are slot machines, including the products of the domestic supplier Casino Technology. Since 2011, sports betting, horse racing, and online poker have been officially allowed in the country.
The gambling business in Bulgaria has existed for about 30 years. The country's first casino, which opened in 1979 in Sofia, was named Vitosha. It was located in the hotel of the same name. Over time, gambling establishments appeared in the resort towns of the Black Sea. The entrance to the country's first casinos was open only to citizens of those states that were not part of the socialist bloc.
Gambling legislation ("Peculiarities of gambling business regulation") of the country
In 1989, Bulgaria moved to a market economy, which also influenced the gambling business. On the one hand, it began to develop, but on the other, many semi-legal establishments with poor service and dubious quality of services appeared in the country. This led to the fact that the authorities and business representatives began to work on the development of rules for the regulation of the gambling industry. As a result, from 1993 to 1999, a decree was in force that regulated the operation of land-based casinos, bingo, and lotteries. And in 1999, the Law on the Regulation of the Gambling Business was adopted. It operates with various amendments to this day.
Basic points of the law:
The Bulgarian gambling law provides for the creation of a special regulatory body, which is the State Gambling Commission. It is part of the Ministry of Finance. Accordingly, only holders of a special license from this commission have the right to gambling.
Membership in the organization is provided exclusively to citizens of Bulgaria with higher education, preferably legal, must also have work experience in the field of jurisprudence of at least 5 years. Another requirement for the representatives of the commission is the lack of interests in the gambling field.
The State Gambling Commission issues, revokes or suspends a license to conduct gambling activities, controls the work of gambling companies, conducts appropriate inspections, and monitors that taxes from the gambling business are transferred to the state treasury. The cost of the license of the State Gambling Commission of Bulgaria does not include the examination of documents. Online casinos that do not have permission from this organization are blocked and blacklisted.
Requirements for offline gambling halls:
Despite the strictness of the above rules, they contribute to the development of the gambling market in Bulgaria, while at the same time preventing the creation of small illegal gambling establishments.
To obtain a license, the State Gambling Commission must submit an application and a list of documents, including those that confirm the registration of the company, a police clearance certificate, financial condition, permission to open a gambling establishment of all owners of the premises, which is confirmed by a notary, documents that confirm the origin of the gambling equipment and its quality.
An application for an initial license is considered up to 60 days. The license is valid for 5 years from the date of receipt.
Since 2012, the tax on gambling business in the country has been 7%. But in 2013 the tax was increased to 15%. The initiator of this was the then Minister of Finance Simeon Dyankov. This initiative was supported by the parliament. After that, tax collection from gambling activities in 2014 increased by 120 BGN. In parallel with this, the authorities decided to check the gambling sites.
Bulgarian land-based casinos
Land-based casinos are evenly distributed throughout the country. Many of them are located in resort towns. The list of the most popular gambling establishments in the country includes London Club in Sofia, Royale Palms Casino in Burgas, Black Sea and Casino Hotel Oceanic in Varna. In the casinos of Bulgaria, the most common games are slot machines, roulette, cards, craps. As a rule, there is no strict dress code in casinos. However, uniformed players are not allowed to enter. A pass to gambling houses is available only for persons with identity documents.
Online gambling in Bulgaria
The online gambling license is also issued by the State Commission on Gambling (SCG). According to the legislation of Bulgaria, the operator must be located on the territory of the state. Sites that operate in the country are blocked without the permission of the organization.
A complete list of sites licensed from the State Gambling Commission of Bulgaria can be found on the official website of the organization.
Bulgarian online casino customers prefer sports betting, slots, especially from Casino Technology, poker, as well as table games.
A well-known Bulgarian provider of gambling software for offline and online casinos is Casino Technology. Previously, the manufacturer was known as Megajack. The company was founded in 1999. The main office of the manufacturer is located in Sofia. Casino Technology representative offices are located in more than 15 countries of the world. The company employs over 1,500 employees. The company has repeatedly received awards at the International Gaming Awards, Global Gaming Awards, BEGE, Peru Gaming Show.
Now the developer's portfolio includes more than 50 video slots. The company's games are distinguished by simple rules, convenient usability, and various topics. There are often 5 reels and bonus rounds in each slot machine. The supplier's most popular products are Cat Queen, Power of Ankh, 40 Shining Jewels, American Gigolo, Australian Magic, Bavarian Forest, Beetle Star. Most slots have a demo mode, which makes it possible to try out the games for free.
In Bulgaria, the right to gambling in the land-based and online segments are licensed by the State Committee for Gambling. According to the legislation of the country:
Despite the strictness of the rules of the Law on the Regulation of the Gambling Business, the gambling industry is developing in the country. Land-based casinos are actively visited by both locals and tourists. The greatest demand among visitors to online portals is for products from the domestic software provider Casino Technology.